BHP Billiton plc’s (BLT) Underweight Rating Reiterated at JPMorgan Chase & Co.
BHP Billiton plc (LON:BLT)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday. They currently have a GBX 1,090 ($13.28) price objective on the mining company’s stock. JPMorgan Chase & Co.’s target price points to a potential downside of 10.07% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Haitong Bank raised shares of BHP Billiton plc to a “buy” rating and raised their price objective for the stock from GBX 864 ($10.53) to GBX 1,002 ($12.21) in a report on Thursday, June 30th. Morgan Stanley set a GBX 1,080 ($13.16) price objective on shares of BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, June 29th. Jefferies Group raised shares of BHP Billiton plc to a “buy” rating and raised their price objective for the stock from GBX 1,100 ($13.41) to GBX 1,250 ($15.23) in a report on Tuesday, August 23rd. Credit Suisse Group AG set a GBX 1,300 ($15.84) price objective on shares of BHP Billiton plc and gave the stock a “buy” rating in a report on Friday, October 14th. Finally, Barclays PLC raised their price objective on shares of BHP Billiton plc from GBX 875 ($10.66) to GBX 925 ($11.27) and gave the stock an “equal weight” rating in a report on Wednesday, June 22nd. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 995.74 ($12.14).
BHP Billiton plc (LON:BLT) opened at 1212.00 on Wednesday. The company’s market capitalization is GBX 64.51 billion. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,279.50. The stock has a 50 day moving average of GBX 1,095.13 and a 200 day moving average of GBX 954.68.
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In related news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 998 ($12.16) per share, with a total value of £44,910 ($54,734.92).
About BHP Billiton plc
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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